Anyways.. on a serious note.. I pray nothing has become of them.. hacks or anything..

But they have been known to have small hiccups here and there.. and have always come back..

Yes. This is very true.

Very, very true. Not a 100% uptime, but I never had to wait for more than ~10 minutes for them to come back online. Also, for those who complain about lack of updates etc. - consider the trading volume and the trading fee they charge, then consider all the technical and administrative costs, legal fees, and losses due to scams: I am grateful to all the people who run exchanges at this early stage of Bitcoin. Like it or not, except for two or three biggest exchanges, these ARE hobbies, and hobbies that are run at a loss most likely.

They'rethere, in their room.Your mining rig is on fire, yet you're very calm.

Anyways.. on a serious note.. I pray nothing has become of them.. hacks or anything..

But they have been known to have small hiccups here and there.. and have always come back..

Yes. This is very true.

Very, very true. Not a 100% uptime, but I never had to wait for more than ~10 minutes for them to come back online. Also, for those who complain about lack of updates etc. - consider the trading volume and the trading fee they charge, then consider all the technical and administrative costs, legal fees, and losses due to scams: I am grateful to all the people who run exchanges at this early stage of Bitcoin. Like it or not, except for two or three biggest exchanges, these ARE hobbies, and hobbies that are run at a loss most likely.

It is up for me now. I just managed to l my log into my account without any problems. It was down for over an hour yesterday; however the site came back, the deposit was approved and I managed to complete all my trades yesterday with no problems. I also did get through and they promptly did resolve the problem with the delay in approving my deposit earlier in the day.

I would not consider it a "money loosing hobby" or a "highly profitable business" It is more like a small part time business getting off the ground and close to breaking even.

I do agree it is hard to complain. In the future it is likely that these small glitches will be fixed the site will be up 24/7; however the cost to purchase a BTC can also be a lot lot higher.

Ya, if only there was a quick and inexpensive way of getting the money back out of MtGox againto continue the cycle... I would be doing a lot more of that.

What we have here is a modern variant of the "Gold Shipping Points" applicable to foreign exchange in the days of the gold standard. The exchange of the dollar to the pound would fluctuate by how much it cost to ship and insure gold from New York to London or vice versa. http://chestofbooks.com/finance/economics/Principles/Sec-II-Theory-Of-Foreign-Exchanges-Of-Money.html Now 100 years later we have Bitcoin trading at different rates in different parts of the world between the fiat "conversion and shipping points". Namely how much does it cost to convert say 2000 USD to CAD, insuring the CAD / USD currency risk, and sending said funds form Japan to Canada.

Thanks for reminding me about that. I will have to make sure to use it more often.

And about the owners/managers of Virtex; they used to hang out at #bitcoin-cad using the handles of Grady2000 and virtex I believe. It's been a while since I've loggedin there so I am not sure how it is now. Back then I remember people saying how easy it was to just pick up the phone and talk to Grady2000 if there were any concerns. I have never had to wait long for replies to any email I sent their way. Hell, theyare even close enough to me that I could probably drive to Calgary and talk to them in person.

Hmm, they should do something for the Calgary Stampede week this year. A free pancake breakfast or something. It's the 100 year celebration of the Greatest Outdoor Show on Earth this year, July 6-15.